13F HOLDINGS REPORT
Perseverance Asset Management International
Quarter ended Q4 2024 · Filed February 14, 2025 · Accession 0001802695-25-000003
Total Value
$742.0M
Positions
30
Other Managers
1
Confidential Omitted
No
Holdings (30)
| # | Issuer | Ticker / CUSIP | Shares | Value | % of Filing |
|---|---|---|---|---|---|
| 1 | PDD HOLDINGS INC | PDD | 986,351 | $95.7M | 12.89% |
| 2 | H WORLD GROUP LTD | HWLDF | 2,404,270 | $79.4M | 10.70% |
| 3 | KE HLDGS INC | BEKE | 4,131,760 | $76.1M | 10.26% |
| 4 | YUM CHINA HLDGS INC | YUMC | 1,465,035 | $70.6M | 9.51% |
| 5 | PDD HOLDINGS INC | PDD | 660,074 | $64.0M | 8.63% |
| 6 | H WORLD GROUP LTD | HWLDF | 1,683,204 | $55.6M | 7.49% |
| 7 | META PLATFORMS INC | META | 75,000 | $43.9M | 5.92% |
| 8 | ALPHABET INC | GOOG | 200,000 | $38.1M | 5.13% |
| 9 | NETEASE INC | NETTF | 226,435 | $20.2M | 2.72% |
| 10 | TRIP COM GROUP LTD | TRPCF | 278,233 | $19.1M | 2.57% |
| 11 | TENCENT MUSIC ENTMT GROUP | XHLD | 1,630,011 | $18.5M | 2.49% |
| 12 | ATOUR LIFESTYLE HLDGS LTD | ATAT | 666,826 | $17.9M | 2.42% |
| 13 | ZTO EXPRESS CAYMAN INC | ZTOEF | 903,947 | $17.7M | 2.38% |
| 14 | TRIP COM GROUP LTD | TRPCF | 238,986 | $16.4M | 2.21% |
| 15 | RLX TECHNOLOGY INC | RLX | 6,989,076 | $15.1M | 2.03% |
| 16 | VISA INC | V | 45,000 | $14.2M | 1.92% |
| 17 | LI AUTO INC | LAAOF | 445,370 | $10.7M | 1.44% |
| 18 | NETEASE INC | NETTF | 112,421 | $10.0M | 1.35% |
| 19 | RLX TECHNOLOGY INC | RLX | 4,513,708 | $9.7M | 1.31% |
| 20 | KE HLDGS INC | BEKE | 494,490 | $9.1M | 1.23% |
| 21 | MICROSOFT CORP | MSFT | 20,000 | $8.4M | 1.14% |
| 22 | KANZHUN LIMITED | BZ | 583,147 | $8.0M | 1.08% |
| 23 | TAL EDUCATION GROUP | TAL | 700,000 | $7.0M | 0.95% |
| 24 | KANZHUN LIMITED | BZ | 337,670 | $4.7M | 0.63% |
| 25 | YUM CHINA HLDGS INC | YUMC | 71,029 | $3.4M | 0.46% |
| 26 | IQIYI INC | IQ | 1,538,405 | $3.1M | 0.42% |
| 27 | TAIWAN SEMICONDUCTOR MFG LTD | 874039100 | 10,000 | $2.0M | 0.27% |
| 28 | ATOUR LIFESTYLE HLDGS LTD | ATAT | 53,550 | $1.4M | 0.19% |
| 29 | ZTO EXPRESS CAYMAN INC | ZTOEF | 55,101 | $1.1M | 0.15% |
| 30 | LI AUTO INC | LAAOF | 32,491 | $779,459 | 0.11% |